Company Commercial
Our aim is to provide the necessary support and advice throughout the lifetime of your business from establishment to its ultimate sale. Each stage needs different elements of legal advice and support. The Commercial Law team can assist with all elements.
Setting up in business
You will usually have prepared a business plan detailing the commercial aspects of what you are trying to achieve. Whlist not only essential for any lenders, it helps us understand what legal input you will need.
There are different structures that you could use for your new business, each of which have their pros and cons:
There are important differences between them. It really depends upon what you are trying to achieve as to which vehicle is best for you.
Trading
Once your business is set up or you are on the verge of launching your business there are still things to consider.
How and on what basis do you plan to trade?
Mergers and Acquisitions
It is often said that growth is the key to survival. Businesses that stagnate are likely to be vulnerable even if they do not fail.
We actively advise on mergers and acquisitions for our clients. Our approach involves not merely handling the legal aspects of a transaction but rather providing proactive advice to achieve the best possible outcome as quickly and cost effectively as possible. We work closely with our clients' managers and other professional advisers to achieve results which reflect the clients' wishes and needs.
The commercial group works with other specialist teams in the firm when advising on commercial transactions, e.g. the employment team.
Selling your Business
When you want to realise the value of your business we can help advise on all aspects of business sales and purchases.
Initial Steps
Once there is a buyer on the scene:
- enter into a confidentiality agreement to prevent the disclosure/unauthorised use of confidential information relating to the business
- does the buyer want a lock-out period during which you will not negotiate with anyone else?
- consider costs implications
- take advice from your tax adviser as regards the best possible structure
- agree heads of terms with the buyer setting out the principles agreed
When we get to this stage we have already laid the groundwork ready for the key documents to be drafted.
Due Diligence more...
Assets/business transfer more...
Shares more...
Disclosure more...
Restrictions more...
Support
There is a lot of paperwork involved in a share sale or transfer of a business and a great deal of time will need to be invested by you and us to progress the sale to its conclusion.
It is our aim to provide the necessary support and advice throughout the lifetime of your business from set up to sale.
Contact
Tom Henry - Partner
tmh@vizardswyeth.com
020 7903 5795
Mark Brenlund - Partner
mb@vizardswyeth.com
020 7903 5752
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